The traditional USDA\u2019s forum took\nplace last week, but the actual planting intention will not be announced until\nMarch 31, and until then markets will work on their own estimates.<\/p>\n\n\n\n
Amid the various figures released at\nthe USDA\u2019s forum past week, the market ends up paying more attention to the\nestimate of the area to be planted in the United States for 2020. We must\nreflect that this estimate released at the forum is not derived from an\neffective survey amid producers in a broad and reliable context. This is an exercise\nby the USDA\u2019s economic department to enable other supply and demand projections\nfor each commodity. The only real number of planting intention that is valid\nfrom the market point of view is released on March 31 by the NASS, responsible\nfor this type of research.<\/p>\n\n\n\n
For corn and soybeans, USDA made an optimistic\nprojection for planted area. In 2019 the corn area was projected at 92\/93\nmillion acres. Owing to rains, 89 million acres were planted. Now the USDA\nexpects 94 million acres, which may be possible given the concern of local growers\nover the soybean market and the absence of positive effects of the trade\nagreement on the prices of this commodity. So, as the local product is\nconcentrated on the corn crop, the expansion of area is a natural trend. If\nconfirmed, prices of USD 4.00\n a bushel for the second half of 2020 are high.<\/p>\n","protected":false},"excerpt":{"rendered":"
The traditional USDA\u2019s forum took place last week, but the actual planting intention will not be announced until March 31, and until then markets will work on their own estimates. Amid the various figures released at the USDA\u2019s forum past week, the market ends up paying more attention to the estimate of the area to […]<\/p>\n","protected":false},"author":5,"featured_media":9113,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[102],"tags":[],"commodity":[],"class_list":["post-11977","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-agribusiness-en"],"acf":[],"yoast_head":"\n